Citizens Support: Crowd Funding in Austria

Size: px
Start display at page:

Download "Citizens Support: Crowd Funding in Austria"

Transcription

1 Citizens Support: Crowd Funding in Austria Andreas Dragosits Brussels June 23, 2015

2 About isn innovation service network Crowd Sourcing subsidiary (2007) Spin-off from TU - Technical University Graz, Austria (2001) Establishment of a subsidiary in Slovenia (2002) Pioneer and leading Austrian company in the field of innovation services and so called Crowd Business : Crowd Sourcing Crowd Funding (CF) Member of the ECN European Crowd Funding Network Crowd Funding subsidiary (2012)

3 isn Business Model & USP Crowdsourcing Services Crowdfunding Crowd- Sourcing Idea- Management Social Network Filtering Enrichement of Ideas Pre- Check Market Fitness Consul@ng Project Management Interim Management Service Design Prototyping Mobiliza@on Stakeholder Mobiliza@on Crowd Investors Financing / Realiza@on Con@nous Informa@on Providing / Repor@ng

4 Ideas

5 Crowd isn innovation service network GmbH Andreas Dragosits

6 Main Principle NOT: BUT: 1 investor fincancing micro investors each isn innovation service network GmbH = Andreas Dragosits

7 Crowdfunding

8 CF Models Donation based - giving for nothing in return Reward based - donation gets you a promised product Lending based - money returned with interest Equity based - owning a part of the project / company CF Definition Crowdfunding can be defined as a collective effort of many individuals who network and pool their resources to support efforts initiated by other people or organizations. This is usually done via or with the help of the Internet... (De Buysere, et al., 2012, p.9)

9 CF is more than just collecting money validation of product features market segmentation pre-sales customer feedback word-of-mouth marketing stable, committed shareholding structure

10 Crowdfunding doesn t substitute but complement other financing instruments in early stages

11 Fundraising Development Worldwide ($ bn) e Figures doubling app. every year 2014 $ 16,2 bn: N-America: $ 9,5 bn (59%) Europe: $ 3,3 bn (20%) Asia: $ 3,4 bn (21%) 2014 category split: 41 % business & entrepreneurship 19 % social causes 12 % films & performing arts 6 % real estate $ 35,5 bn expected Source: CF Crowdfunding Industry Report

12 GB # 1 north-south and west-east divide Austria amongst the mid-ranged countries potential in Austria in 2 3 years: 65 Mio. Source: Moving Mainstream - The European Alternative Finance Benchmarking Report, University of Cambridge, 2015

13 # of platforms goes hand in hand with volume Only a few CFplatforms in Austria GB # 1 Source: Moving Mainstream - The European Alternative Finance Benchmarking Report, University of Cambridge, 2015

14 Finance Volume per Capita p.a. Austria ranked amongst the last third (app. 40 Cents per capita p.a.) gap to Germany 4x Netherlands 12x GB 100x there is a high growth potential for CF in Austria volumes doubling every year Source: Moving Mainstream - The European Alternative Finance Benchmarking Report, University of Cambridge, 2015

15 Overall Situation in Austria Crowd (Austrians) almost no real existing venture capital culture in Austria; on the other hand there is a comparable high savings rate (7,5%, EU av.: 4,7%) ; Austria is still a rich country (monetary assets: > 500 bn or > per capita on av.) Austrians a very conservative: saving books, life insurances, Economy only very small growth rate almost stagnating SME with limited access to credit lines from the financial services industry Banks grant almost no interest rates for savings à investors searching for alternatives have problems to finance the SME segment (à Basel III) more and more interested to cooperate with CF-platforms Government (goals) wants Austria to become innovation leader in Europe in 2020 (now ranked in the mid-field) supporting especially the SME segment by providing new (venture) capital means partly by supporting the CF idea à impulse for the economy; job-creation new special law ( Alternativfinanzierungsgesetz ) should pass the parliament in a few weeks

16 New Law for CF in Austria Main aspects of the so called Alternativfinanzierungsgesetz Financing Limit / Investor / Project Up to Euro: no limitation Above Euro: only if your monthly net income exceeds certain levels Information Requirements Information-Sheet : ,5 Mio. Euro Prospectus light : 1,5 Mio. 5,0 Mio. Euro Full Capital Market Prospectus: above 5 Mio. Euro (actual: Euro) Defined role and duties of CF-platforms Check investment offers Information provider Recommendation for risk spreading (appropriate guidance on and warnings of the risks associated with financing projects)

17 Andreas Dragosits Managing Partner, CFO isn innovation service network Hugo-Wolf-Gasse 6a, 8010 Graz, Austria Phone +43 (0) Mobile +43 (0) andreas.dragosits@innovation.at

EUROPEAN SEMESTER THEMATIC FICHE ACCESS TO FINANCE

EUROPEAN SEMESTER THEMATIC FICHE ACCESS TO FINANCE EUROPEAN SEMESTER THEMATIC FICHE ACCESS TO FINANCE Access to finance is key to business development. Investment and innovation are not possible without adequate financing. A difficulty in getting finance

More information

SMEs access to finance survey 2014

SMEs access to finance survey 2014 EUROPEAN COMMISSION MEMO Brussels, 12 November 2014 SMEs access to finance survey 2014 This memo outlines the results of a survey undertaken by the European Commission to provide policy makers with evidence

More information

Crowdfunding - a report by Adeoluwa Adeniyi September 2012

Crowdfunding - a report by Adeoluwa Adeniyi September 2012 C H A R T E R E D A C C O U N T A N T S Digital and Creative Sector: Crowdfunding - a report by Adeoluwa Adeniyi September 2012 F O R W A R D T H I N K I N G P E R S O N A L D I F F E R E N T Crowdfunding

More information

AXA INVESTMENT MANAGERS

AXA INVESTMENT MANAGERS AXA INVESTMENT MANAGERS Entering a new phase of growth Investor Day November 20, 2014 Andrea ROSSI CEO AXA Investment Managers Member of the AXA Group Executive Committee Certain statements contained herein

More information

Boosting the Investment- Readiness of SMEs and Small Midcaps in Europe and Associated Countries. co-funded by the European Commission

Boosting the Investment- Readiness of SMEs and Small Midcaps in Europe and Associated Countries. co-funded by the European Commission Boosting the Investment- Readiness of SMEs and Small Midcaps in Europe and Associated Countries co-funded by the European Commission The policy toolbox Capacity Building InvestHorizon boosting Investment

More information

S&T - Company Presentation. August 2015

S&T - Company Presentation. August 2015 S&T - Company Presentation August 2015 About S&T AG S&T engineers Appliances for vertical markets Appliances comprise of dedicated hardware + combined software solutions Vertical niche solutions for Automation

More information

The First Decade: 1999-2009. Dow Jones Sustainability Indexes

The First Decade: 1999-2009. Dow Jones Sustainability Indexes The First Decade: 1999-2009 Dow Jones Sustainability Indexes The first decade Since 1999, a growing number of investors have started identifying sustainability issues as key factors for financial success.

More information

COMMISSION OF THE EUROPEAN COMMUNITIES

COMMISSION OF THE EUROPEAN COMMUNITIES COMMISSION OF THE EUROPEAN COMMUNITIES Brussels, 29.6.2006 COM(2006) 349 final COMMUNICATION FROM THE COMMISSION TO THE COUNCIL, THE EUROPEAN PARLIAMENT, THE EUROPEAN ECONOMIC AND SOCIAL COMMITTEE AND

More information

European Investment Fund Activity

European Investment Fund Activity European Investment Fund Activity Annual commitments 2006-2009 3540 3040 2540 2040 1540 1040 540 40 Equity Guarantees The EIF is Europe s leading developer of risk financing for entrepreneurship and innovation.

More information

List of provisions for consumer protection

List of provisions for consumer protection List of provisions for consumer protection Type of provision Lending platforms Equity and/or Debt platforms Maximum amount of investment for 40.000 Euro 20.000 Euro consumers on the platform Maximum frequency

More information

There are several ways that companies can be owned and can raise fresh capital for investment.

There are several ways that companies can be owned and can raise fresh capital for investment. 2 3 There are several ways that companies can be owned and can raise fresh capital for investment. Companies can be state-owned. They can be owned by families or big businessmen and women. They can be

More information

SMALL AND MEDIUM-SIZED ENTERPRISES' ACCESS TO FINANCE

SMALL AND MEDIUM-SIZED ENTERPRISES' ACCESS TO FINANCE EUROPEAN SEMESTER THEMATIC FICHE SMALL AND MEDIUM-SIZED ENTERPRISES' ACCESS TO FINANCE Thematic fiches are supporting background documents prepared by the services of the Commission in the context of the

More information

We continue our consumer finance activities with KoçFinans, Turkey s first consumer finance company.

We continue our consumer finance activities with KoçFinans, Turkey s first consumer finance company. BANKING AND INSURANCE As the leading banking and insurance group in Turkey, we are the key thanks to our customer-oriented approach, strong financial structure, and millions of active customers. As Yapı

More information

CASE STORY ON GENDER DIMENSION OF AID FOR TRADE. Banking on Women Pays Off: Creating Opportunities for Women Entrepreneurs

CASE STORY ON GENDER DIMENSION OF AID FOR TRADE. Banking on Women Pays Off: Creating Opportunities for Women Entrepreneurs CASE STORY ON GENDER DIMENSION OF AID FOR TRADE Banking on Women Pays Off: Creating Opportunities for Women Entrepreneurs Banking on Women Pays Off Creating Opportunities for Women Entrepreneurs International

More information

Strategic Initiatives Retail Banking

Strategic Initiatives Retail Banking Strategic Initiatives Retail Banking Branch Sales Force Effectiveness Fund Management Market Growth Funds A Global Comparison Assets Under Management In bn Regional/Country Growth Rates 2004 2005 +6% AUM

More information

A Survey of SME Finance and the Emerging Alternatives for Access to Capital

A Survey of SME Finance and the Emerging Alternatives for Access to Capital A Survey of SME Finance and the Emerging Alternatives for Access to Capital Jim Faith Trade and Export Finance Online Global California December 3, 2014 2014 TEFO. All Rights Reserved Agenda Section 1:

More information

Acquisition of Westdeutsche ImmobilienBank AG

Acquisition of Westdeutsche ImmobilienBank AG LOCAL EXPERTISE MEETS GLOBAL EXCELLENCE Acquisition of Westdeutsche ImmobilienBank AG February, 22 nd 2015 Dr. Wolf Schumacher, CEO Hermann J. Merkens, CFO Agenda Strategic rationale Transaction structure

More information

Nemetschek Group Company Presentation. July 2014

Nemetschek Group Company Presentation. July 2014 Nemetschek Group Company Presentation July 2014 Agenda Nemetschek Group: In brief Strategy Internationalization Industry mega trends Innovations Financial data Q1 2014 Nemetschek share Why invest? 2 A

More information

Survey on the access to finance of enterprises (SAFE) Analytical Report 2014

Survey on the access to finance of enterprises (SAFE) Analytical Report 2014 Survey on the access to finance of enterprises (SAFE) Analytical Report 2014 Written by Sophie Doove, Petra Gibcus, Ton Kwaak, Lia Smit, Tommy Span November 2014 LEGAL NOTICE This document has been prepared

More information

How To Understand Factoring

How To Understand Factoring EIF Project "Jeremie" General Report on Factoring 1 Market analysis on Factoring in EU 25+2 prepared by International Factors Group (IFG) for European Investment Fund (EIF) project JEREMIE Preliminary

More information

Foreign Direct Investment

Foreign Direct Investment Germany Reports Record High of New Investment Projects Germany is a very attractive location for foreign investors. Germany Trade & Invest (GTAI) and the economic development agencies of the German Federal

More information

CEERCB - A Model For Austrian Insurance Growth

CEERCB - A Model For Austrian Insurance Growth V.I.G. Getting in shape for economic recovery in CEE RCB Institutional Investors Conference, Zürs -15 April 2010 Contents A 2 A B C D V.I.G. a model expansion Adopting to a changing environment Distribution

More information

Alternative Finance Shadow Banking and Crowdfunding

Alternative Finance Shadow Banking and Crowdfunding 6 October 2015 Alternative Finance Shadow Banking and Crowdfunding Jacob Ghanty, Partner, K&L Gates London Copyright 2015 by K&L Gates LLP. All rights reserved. What are Shadow Banking and Alternative

More information

COMMUNITY DEVELOPMENT FINANCE & REGULATION CROWDFUNDING A new capital source for CDFIs and the communities we serve

COMMUNITY DEVELOPMENT FINANCE & REGULATION CROWDFUNDING A new capital source for CDFIs and the communities we serve COMMUNITY DEVELOPMENT FINANCE & REGULATION CROWDFUNDING A new capital source for CDFIs and the communities we serve Agenda 1. City First Enterprises 2. What is Crowdfunding? 3. New Access to Capital through

More information

CONSOLIDATED FINANCIAL STATEMENTS AS AT JUNE 30, 2003

CONSOLIDATED FINANCIAL STATEMENTS AS AT JUNE 30, 2003 JCDECAUX SA CONSOLIDATED FINANCIAL STATEMENTS AS AT JUNE 30, 2003 Translated from French and in accordance with French generally accepted accounting principles JCDECAUX SA CONSOLIDATED FINANCIAL STATEMENTS

More information

Bank Austria posts net profit of EUR 350 million for the first quarter

Bank Austria posts net profit of EUR 350 million for the first quarter Bank Austria IR Release Günther Stromenger +43 (0) 50505 57232 Vienna, 13 May 2014 Results for the first quarter of 2014: Bank Austria posts net profit of EUR 350 million for the first quarter Sound commercial

More information

Crowdfunding in the EU

Crowdfunding in the EU Crowdfunding in the EU Identification First name -open reply-(compulsory) Family name -open reply-(compulsory) What category describes you best? -single choice reply-(compulsory) Organisation's name -open

More information

ADVOCATING PUBLIC TRANSPORT IN THE EUROPEAN UNION

ADVOCATING PUBLIC TRANSPORT IN THE EUROPEAN UNION ADVOCATING PUBLIC TRANSPORT IN THE EUROPEAN UNION DID YOU KNOW THAT The public transport sector is amongst the largest employers at local level, employing 2 MILLION PEOPLE i.e. 20% of the 10 million people

More information

Implications of the SSM for the Nordic banking sector. Stefan Ingves, June 5 2014

Implications of the SSM for the Nordic banking sector. Stefan Ingves, June 5 2014 Implications of the SSM for the Nordic banking sector Stefan Ingves, June 5 2014 Financial trilemma Financial stability Financial integration National supervision Arrangements for cross-border cooperation

More information

Alain Schmitt Directorate General for Enterprise October 14 th, 2014

Alain Schmitt Directorate General for Enterprise October 14 th, 2014 Alain Schmitt Directorate General for Enterprise October 14 th, 2014 I. Facts and figures about innovation in France II. Startup financing III. Entrepreneurship culture and ecosystems Worldwide ranking

More information

Finance and Small Business

Finance and Small Business Small Business Management 4 2011 Finance and Small Business Notices: go to your own bank and ask for the Business Start-up Pack This should contain useful info (printed and in CD format). Take a look at

More information

S&T - Company Presentation. April 2015

S&T - Company Presentation. April 2015 S&T - Company Presentation April 2015 About S&T AG S&T engineers Appliances for vertical markets Appliances comprise of dedicated hardware + combined software solutions Vertical niche solutions for Automation

More information

Country tables. Change making it more difficult to do business. Reform making it easier to do business

Country tables. Change making it more difficult to do business. Reform making it easier to do business Country tables Afghanistan South Asia GNI per capita (US$) 680 Ease of doing business rank (1 189) 177 Overall distance to frontier (DTF) score (0 100) 40.58 Population (m) 31.3 Starting a business (rank)

More information

Commerzbank: Operating profit more than doubled to EUR 685 m in the first quarter of 2015

Commerzbank: Operating profit more than doubled to EUR 685 m in the first quarter of 2015 Press release For business desks 7 May 2015 Commerzbank: Operating profit more than doubled to EUR 685 m in the first quarter of 2015 Revenues before loan loss provisions in the Group increased year-on-year

More information

Gemstone. Taking charge of your future prosperity

Gemstone. Taking charge of your future prosperity Gemstone Taking charge of your future prosperity Gemstone Taking charge of your future prosperity LET YOUR MONEY WORK FOR YOU Smart financial planning begins with proper consideration of your financial

More information

Recent policy approaches to SME finance

Recent policy approaches to SME finance Recent policy approaches to SME finance Dr. Helmut Kraemer-Eis Head of Research & Market Analysis European Investment Fund 07 July 2014 Rome The European Investment Fund (EIF) at a glance 1994 founded

More information

USEFUL TERMS Crowdfunding getfunding.com.au Rewards Keep It All Campaigns All or Nothing Campaigns

USEFUL TERMS Crowdfunding getfunding.com.au Rewards Keep It All Campaigns All or Nothing Campaigns This guide is based on years of experience assisting people to raise funding and attract funding opportunities to projects. We have assisted individuals, small and medium size businesses, inventors, and

More information

HSBC Holdings plc and HSBC Bank Canada Presentation to Fixed Income Investors. September 2013

HSBC Holdings plc and HSBC Bank Canada Presentation to Fixed Income Investors. September 2013 Holdings plc and Bank Canada Presentation to Fixed Income Investors September 2013 Forward-looking statements This presentation, including the accompanying slides and subsequent discussion, contains certain

More information

Foreign real estate investments in Norway

Foreign real estate investments in Norway NORWEGIAN ECONOMY ROCK SOLID Foreign real estate investments in Norway Catella Real Estate AG KAG Dr. Andreas Kneip MIPIM 2012 As at 2012-03-07 Table of content I. Catella Real Estate AG KAG....... 3 II.

More information

austria wirtschaftsservice 2012 06 15 Belgrade Jovo Nedic

austria wirtschaftsservice 2012 06 15 Belgrade Jovo Nedic austria wirtschaftsservice 2012 06 15 Belgrade Jovo Nedic Agenda About aws aws policy and instruments for innovation Programs and Instrumens for innovative companies Programs and Instrumens for High-Tech

More information

SME support under Horizon 2020 how to make it work

SME support under Horizon 2020 how to make it work SME support under Horizon 2020 how to make it work Olivier Brunet Unit Regional dimension of innovation Directorate General Research &Innovation European Commission The Multiannual Financial Framework

More information

Access to finance for. SMEs. István NÉMETH European Commission DG for Internal Market, Industry, Entrepreneurship and SMEs

Access to finance for. SMEs. István NÉMETH European Commission DG for Internal Market, Industry, Entrepreneurship and SMEs Access to finance for SMEs István NÉMETH European Commission DG for Internal Market, Industry, Entrepreneurship and SMEs Why EU intervention needed? EU financial instruments for SMEs Building on success

More information

WORLD BANK. SME Financing and the SME ABS Market in Europe

WORLD BANK. SME Financing and the SME ABS Market in Europe WORLD BANK SME Financing and the SME ABS Market in Europe Michel Noel Lead Financial Sector Specialist Finance and Private Sector Development, Europe & Central Asia AGENDA SME Financing in Europe Asset-Backed

More information

CDFIs and JOBS Act Crowdfunding

CDFIs and JOBS Act Crowdfunding CDFIs and JOBS Act Crowdfunding A new capital source for CDFIs and the communities we serve November 14 th, 2013 John Hamilton, President Agenda:" " 1. City First Enterprises" " 2. What is Crowdfunding?"

More information

The Young Entrepreneur's guide to starting a business (Part 5)

The Young Entrepreneur's guide to starting a business (Part 5) Page 1 The Young Entrepreneur's guide to starting a business (Part 5) Richard Belsey & Fergal McLoughlin May 2013 A whistle stop tour of alternative funding options for start-ups As part of our Young Entrepreneur

More information

Introducing CrowdLords for LandLords. Crowdfunding for the Buy-to-let market - directly connecting LandLords and Investors

Introducing CrowdLords for LandLords. Crowdfunding for the Buy-to-let market - directly connecting LandLords and Investors Introducing CrowdLords for LandLords Crowdfunding for the Buy-to-let market - directly connecting LandLords and Investors What is Crowdfunding? Crowdfunding is the concept of using a combination of several

More information

ELEFTHO : Supporting Business Incubators & technology parks.

ELEFTHO : Supporting Business Incubators & technology parks. ELEFTHO : Supporting Business Incubators & technology parks. Region of Central Macedonia Task Page 1 of 14 Contents Description of policy... 3 Name of the policy... 3 Responsible body... 3 Implementation

More information

Health Care Worldwide. Citi - European Credit Conference September 24, 2015 - London

Health Care Worldwide. Citi - European Credit Conference September 24, 2015 - London Health Care Worldwide Citi - European Credit Conference September 24, 2015 - London Safe Harbor Statement This presentation contains forward-looking statements that are subject to various risks and uncertainties.

More information

Investment required: up to 400,000 (EIS pending)

Investment required: up to 400,000 (EIS pending) Web Brief New Peer-to-Peer Crowd Funding Business BFS Ref.: PF/394/045 Investment required: up to 400,000 (EIS pending) Summary Our client is a new start company, and will enter the rapidly expanding UK

More information

STARTUP EUROPE Web Entrepreneurs

STARTUP EUROPE Web Entrepreneurs STARTUP EUROPE Web Entrepreneurs Summary: Active Contracts (ONGOING) TechAllStars Europioneers EurApp App Economy Study Accelerators Assembly Network Crowdfunding Network VCs related to the web DAA2012

More information

Annual Press Conference

Annual Press Conference Annual Press Conference Exceptional response for exceptional times Werner Hoyer EIB Group President - 28 February 2013-28/02/2013 European Investment Bank Group 1 Capital increase Exceptional response

More information

Invest Mississippi Crowdfunding

Invest Mississippi Crowdfunding Invest Mississippi Crowdfunding New guidelines for soliciting & accepting small business start-up and expansion capital via Internet-based investing Intrastate Exemption Rule Securities Rule 7.21 Simplified

More information

Beijing Hi-Tech International Business Incubator Co., Ltd

Beijing Hi-Tech International Business Incubator Co., Ltd Beijing Hi-Tech International Business Incubator Co., Ltd WWW.HTIBI.COM Ver. 20131128 HTIBI Profile Hi-Tech International Business Incubator (HTIBI), a leading multi-national joint venture incubator in

More information

Interim Statements Three-Month Results

Interim Statements Three-Month Results Interim Statements Three-Month Results 2015 Substantial events and deals 2 DVB Bank posts strong results for the first quarter of 2015 DVB more than doubled consolidated net income, from 33.9 million to

More information

Mail: fisma-cmu-survey@ec.europa.eu

Mail: fisma-cmu-survey@ec.europa.eu Mail: fisma-cmu-survey@ec.europa.eu R e f e r e n c e n u m b e r 15/10.711/PK/HdB S u b j e c t Response to the Green Paper on the European Capital Markets Union T h e H a g u e May 13, 2015 T e l e p

More information

Introducing Our Firm

Introducing Our Firm Introducing Our Firm Management consultants to the professional services sector. 2 Our Clients We serve the professional services sector and related businesses worldwide. Our clients are based in the United

More information

Acquisition of AAE VTG AG Growing together

Acquisition of AAE VTG AG Growing together Acquisition of AAE VTG AG Growing together Dr. Heiko Fischer, CEO Dr. Kai Kleeberg, CFO Conference Call on September 30, 2014 Acquisition of AAE Table of content 1 Acquisition of AAE - Highlights 2 Facts

More information

Financial Instruments in Niedersachsen - Experiences, Design and Best practice. Ulrike Müller, Brussels, 03-07-2016

Financial Instruments in Niedersachsen - Experiences, Design and Best practice. Ulrike Müller, Brussels, 03-07-2016 Financial Instruments in Niedersachsen - Experiences, Design and Best practice Ulrike Müller, Brussels, 03-07-2016 Agenda Facts about Niedersachsen Facts about NBank Financial Instruments in Niedersachsen

More information

Salvatore Zecchini Chairman OECD Working Party on SMEs and Entrepreneurship

Salvatore Zecchini Chairman OECD Working Party on SMEs and Entrepreneurship FOSTERING SMEs AND ENTREPRENEURSHIP FINANCING AFTER THE CRISIS Confindustria - OECD MiSE - Roma 7th July 2014 Salvatore Zecchini Chairman OECD Working Party on SMEs and Entrepreneurship 1 Six years after

More information

Global Client Group The Gateway to AWM

Global Client Group The Gateway to AWM Global Client Group The Gateway to AWM January 2013 For professional investors only Content 1 2 3 Deutsche Bank and Asset Global Client Group Our product and service offering 1 Deutsche Bank A global partner

More information

Digital Scoreboard 2016: Austria

Digital Scoreboard 2016: Austria Digital Scoreboard 2016: Austria Austria's performance in the DESI 2016 Austria ranks 12 among EU countries. It is part of the group of countries that are running ahead. Digital Scoreboard 2016 2 Connectivity:

More information

2 nd Israeli-German Conference on the Commercialization of Future Technologies. Organic Photovoltaics turn a great idea into a great company

2 nd Israeli-German Conference on the Commercialization of Future Technologies. Organic Photovoltaics turn a great idea into a great company 2 nd Israeli-German Conference on the Commercialization of Future Technologies November 11, 2010 Organic Photovoltaics turn a great idea into a great company Dr. Andreas Rückemann CEO Heliatek, Dresden,

More information

Alternative Finance for SMEs and Mid-Market Companies Brussels Presentation

Alternative Finance for SMEs and Mid-Market Companies Brussels Presentation Alternative Finance for SMEs and Mid-Market Companies Brussels Presentation 27th November, 2013 Agenda Introduction Backdrop: bank lending to companies in Germany, France, UK, Italy and Spain Policymakers

More information

12th to 13th of June Karlsruhe, Germany

12th to 13th of June Karlsruhe, Germany 12th to 13th of June Karlsruhe, Germany CO ORGANISED BY THE EUROPEAN ORGANISATION FOR SUSTAINABLE DEVELOPMENT (EOSD) AND ASSOCIATION OF DEVELOPMENT FINANCING INSTITUTIONS IN ASIA & THE PACIFIC (ADFIAP)

More information

H1/2014 Results VTG AG Growing together. Dr. Heiko Fischer, CEO Dr. Kai Kleeberg, CFO August 21, 2014

H1/2014 Results VTG AG Growing together. Dr. Heiko Fischer, CEO Dr. Kai Kleeberg, CFO August 21, 2014 H1/2014 Results VTG AG Growing together Dr. Heiko Fischer, CEO Dr. Kai Kleeberg, CFO August 21, 2014 Table of content 1 Discussion of H1/2014 2 Outlook FY 2014 3 Questions & Answers 4 Financial Calendar

More information

The Netherlands. Kyiv 12 February 2013

The Netherlands. Kyiv 12 February 2013 The Netherlands Kyiv 12 February 2013 Table of contents Table of contents Features of the Netherlands Holding structures Finance structures Trading structure What Atlas Tax Lawyers can do for you Contact

More information

ERASMUS FOR YOUNG ENTREPRENEURS : A NEW EXCHANGE PROGRAMME

ERASMUS FOR YOUNG ENTREPRENEURS : A NEW EXCHANGE PROGRAMME PRESS DOSSIER INDEX PRESS DOSSIER...1 INDEX...2 ERASMUS FOR YOUNG ENTREPRENEURS : A NEW EXCHANGE PROGRAMME...3 WHO CAN PARTICIPATE?...5 WHAT BENEFITS AND FOR WHOM?...6 HOW DOES IT WORK? STRUCTURE AND IMPLEMENTATION...7

More information

ING Bank N.V. Certificates Programme

ING Bank N.V. Certificates Programme FOURTH SUPPLEMENT DATED 9 MAY 2014 UNDER THE CERTIFICATES PROGRAMME ING Bank N.V. (Incorporated in The Netherlands with its statutory seat in Amsterdam) Certificates Programme This Supplement (the Supplement

More information

Ownership transfer Critical Tax Issues. Johan Fall, Anders Ydstedt March, 2010

Ownership transfer Critical Tax Issues. Johan Fall, Anders Ydstedt March, 2010 Ownership transfer Critical Tax Issues Johan Fall, Anders Ydstedt March, 2010 Ownership transfer Critical Tax Issues 1 Ownership transfer Critical Tax Issues INTRODUCTION In tough economic times family

More information

Development of the Client-Focused, Capital-Efficient Business Model

Development of the Client-Focused, Capital-Efficient Business Model Development of the Client-Focused, Capital-Efficient Business Model David Mathers, Chief Operating Officer, Investment Bank at the Goldman Sachs European Financials Conference, Madrid, June 10, 2010 Cautionary

More information

Crowdfunding and shadow banking

Crowdfunding and shadow banking Crowdfunding and shadow banking... and other online financing developments Sara Hanks CEO, CrowdCheck, Inc. Medellin, December 4, 2014 Definitional problems What is crowdfunding? Definition of investment

More information

Austrian Post Investor Day Mail Division. Walter Hitziger, Member of the Management Board

Austrian Post Investor Day Mail Division. Walter Hitziger, Member of the Management Board Austrian Post Investor Day Mail Division Walter Hitziger, Member of the Management Board Mail Division an overview of key indicators Mail Parcel & Logistics Branch Network Group Branch Network 8.5% Parcel

More information

Business Angels - an alternative source of financing innovative SMEs

Business Angels - an alternative source of financing innovative SMEs Business Angels - an alternative source of financing innovative SMEs EBAN The European Trade Association for Business Angels, Seed Funds and other Early Stage Investors Jacek Blonski Vice President European

More information

Dassault Systèmes in Germany Partner for Industry 4.0

Dassault Systèmes in Germany Partner for Industry 4.0 istock_000021007239medium 3D EXPERIENCE FORUM 2012 / Investor Relations Lunch Andreas Barth, MD Dassault Systèmes EuroCentral Dassault Systèmes in Germany Partner for Industry 4.0 1 Dipl. Ing. Andreas

More information

TRANSACTION CAPITAL GROUP PROFILE AT 31 MARCH 2014*

TRANSACTION CAPITAL GROUP PROFILE AT 31 MARCH 2014* 1 TRANSACTION CAPITAL GROUP PROFILE AT 31 MARCH 2014* TRANSACTION CAPITAL LIMITED half year ended 31 March 2014 Employees: 3,586 Headline earnings: R148m ASSET-BACKED LENDING TOTAL INCOME 60% OF GROUP

More information

Saving and Investing with Friends First

Saving and Investing with Friends First Times change, Friends don t. Investments with Friends First, stand the test of time. Pensions Protection Investments Saving and Investing with Friends First Conductor Savings Plan Conductor Investment

More information

source of financing innovative SMEs

source of financing innovative SMEs Business Angels - an alternative source of financing innovative SMEs EBAN The European Trade Association for Business Angels, Seed Funds and other Early Stage Investors Jacek Blonski Vice President European

More information

Company Presentation VTG AG Connecting worlds. Analyst Conference April 14, 2015

Company Presentation VTG AG Connecting worlds. Analyst Conference April 14, 2015 Company Presentation VTG AG Connecting worlds Analyst Conference April 14, 2015 Table of content 1 Highlights 2014 2 Performance & Financials 2014 3 Update on Strategy 4 Outlook 2015 5 Appendix 1 Executive

More information

GOLDMAN SACHS REPORTS SECOND QUARTER EARNINGS PER COMMON SHARE OF $1.98; LITIGATION PROVISIONS REDUCED EARNINGS PER COMMON SHARE BY $2.

GOLDMAN SACHS REPORTS SECOND QUARTER EARNINGS PER COMMON SHARE OF $1.98; LITIGATION PROVISIONS REDUCED EARNINGS PER COMMON SHARE BY $2. The Goldman Sachs Group, Inc. 200 West Street New York, New York 10282 GOLDMAN SACHS REPORTS SECOND QUARTER EARNINGS PER COMMON SHARE OF $1.98; LITIGATION PROVISIONS REDUCED EARNINGS PER COMMON SHARE BY

More information

TOMORROW FOCUS AG Company presentation

TOMORROW FOCUS AG Company presentation TOMORROW FOCUS AG Company presentation Dirk Schmelzer, CFO Armin Blohmann, Head of Group Communications & Investor Relations April 2013 TOMORROW FOCUS AG - one of Germany s leading listed internet groups

More information

European private equity investment over 40bn in 2014, exits hit record levels, new EVCA data shows

European private equity investment over 40bn in 2014, exits hit record levels, new EVCA data shows European private equity investment over 40bn in 2014, exits hit record levels, new EVCA data shows Brussels 12 May 2015 European private equity investment rises 14% to 41.5bn in 2014 Over 5,500 European

More information

Bank Austria IR Release

Bank Austria IR Release Bank Austria IR Release Günther Stromenger +43 (0) 50505 57232 Vienna, 12 February 2015 Preliminary results 1 for the 2014 financial year: Bank Austria posts net profit of about EUR 1.4 billion Sound operating

More information

Introducing Our Firm

Introducing Our Firm Introducing Our Firm The Professional Services Advisory Firm. 2 Our Clients We serve the professional services sector and related businesses worldwide. Our clients are based in the United Kingdom, Continental

More information

Backgrounder Heart Index

Backgrounder Heart Index Backgrounder Heart Index Introduction: In response to a need for information on specific diseases areas, the Health Consumer Powerhouse (HCP) has developed the Euro Consumer Heart Index (Heart Index).

More information

ACCESS TO FINANCE. of SMEs in the euro area, European Commission and European Central Bank (ECB), November 2013.

ACCESS TO FINANCE. of SMEs in the euro area, European Commission and European Central Bank (ECB), November 2013. ACCESS TO FINANCE Improving access to finance is essential to restoring growth and enhancing competitiveness. Investment and innovation are not possible without adequate financing. Difficulties in accessing

More information

Half year results 2011

Half year results 2011 Half year results 2011 29 July 2011 Bert De Graeve, Chief Executive Officer Bruno Humblet, Chief Financial Officer Address by Bert De Graeve, Chief Executive Officer Introductory remark The consolidated

More information

Chart 1: Value of Investment Funds Shares/Units Q2 2011 Q3 2010 Q1 2011 Q4 2010

Chart 1: Value of Investment Funds Shares/Units Q2 2011 Q3 2010 Q1 2011 Q4 2010 Information Release 14 December 2012 Central Bank Data on Investment Funds 1 The Central Bank today publishes statistics for 2012 on investment funds (IFs) resident in Ireland. IFs, measured by total shares/units

More information

Innovation and PPP financing: The European Investment Fund

Innovation and PPP financing: The European Investment Fund Innovation and PPP financing: The European Investment Fund Dr. Helmut Kraemer-Eis Head of Research & Market Analysis European Investment Fund UNECE - 12 February 2014 Geneva What is the EIF? As part of

More information

Report of the Executive Board. In millions of EUR 2014 2013

Report of the Executive Board. In millions of EUR 2014 2013 Review Results from operating activities Revenue 19,257 19,203 income 93 226 Raw materials, consumables and services (12,053) (12,186) Personnel expenses (3,080) (3,108) Amortisation, depreciation and

More information

TATA PORTFOLIO MANAGEMENT SERVICES

TATA PORTFOLIO MANAGEMENT SERVICES TATA PORTFOLIO MANAGEMENT SERVICES For Private Circulation TATA ASSET MANAGEMENT LTD. THE TATA GROUP One of India s largest business Group Diverse businesses in 7 sectors Operations in over 80 countries

More information

The raising role of Business Angels in financing innovation in Europe

The raising role of Business Angels in financing innovation in Europe The raising role of Business Angels in financing innovation in Europe Geneve, 12th February 2014 Paulo Andrez President Start Ups Valley of Death Cash flow Start-up time 2 Imagine that you have 100.000

More information

innovative technologies

innovative technologies Germany The Right Country for Investments Investments in renewable energy and innovative technologies GODD Energy A company of the GODD GROUP Operates in three strategically important sectors: Media Real

More information

Investor Presentation. November 2011

Investor Presentation. November 2011 Investor Presentation November 2011 Agenda 1 Company Overview 2 Strategy & Business Model 3 Division PCB 4 Division Systems 5 Division Energy 6 Perspectives 7 Appendix Financial Ratios November 2011 Schweizer

More information

Commerzbank: Operating profit improved after nine months of 2015 to EUR 1.5 bn CET 1 ratio increased to 10.8%

Commerzbank: Operating profit improved after nine months of 2015 to EUR 1.5 bn CET 1 ratio increased to 10.8% IR release 2 November 2015 Commerzbank: Operating profit improved after nine months of 2015 to EUR 1.5 bn CET 1 ratio increased to 10.8% Operating profit in Group in third quarter at EUR 429 m (Q3 2014:

More information

Central Credit Registers (CCRs) as a Multi Purpose Tool to close Data Gaps

Central Credit Registers (CCRs) as a Multi Purpose Tool to close Data Gaps Central Credit Registers (CCRs) as a Multi Purpose Tool to close Data Gaps Michael Ritter Deutsche Bundesbank Chair of the ESCB Working Group on Credit Registers Mexico City, May 2014 AGENDA I. General

More information

ISSUE 2 2013 REPORT YIELD, GROWTH OR THE BEST OF BOTH

ISSUE 2 2013 REPORT YIELD, GROWTH OR THE BEST OF BOTH YIELD, GROWTH OR THE BEST OF BOTH A report prepared by the Institutional Investor Custom Research Group in conjunction with AMP Capital / October 2013 Welcome to the second issue of the AMP Capital Institutional

More information

FINANCIAL RESEARCH SEPTEMBER 2015. Auto ABS from an EDW-Perspective

FINANCIAL RESEARCH SEPTEMBER 2015. Auto ABS from an EDW-Perspective FINANCIAL RESEARCH SEPTEMBER 2015 Auto ABS from an EDW-Perspective MANAGEMENT SUMMARY 1. This analysis builds on our study Fasten Your Seatbelts - European Auto ABS on the Rise, in which we undertook a

More information

Goldman Sachs Presentation to Bank of America Merrill Lynch Banking and Financial Services Conference

Goldman Sachs Presentation to Bank of America Merrill Lynch Banking and Financial Services Conference Goldman Sachs Presentation to Bank of America Merrill Lynch Banking and Financial Services Conference Harvey M. Schwartz Chief Financial Officer November 7, 205 Cautionary Note on -Looking Statements Today

More information

Investor Presentation Catalis SE March 2013

Investor Presentation Catalis SE March 2013 Investor Presentation Catalis SE March 2013 Important notice Catalis SE is a company listed on the Frankfurt Stock Exchange on the General Standard segment of the regulated market. This presentation contains

More information

economic development in Central and Eastern Europe and its effects on Austria

economic development in Central and Eastern Europe and its effects on Austria economic development in Central and Eastern Europe and its effects on Austria Brief Analysis June 2010 Austria s highest Triple-A sovereign rating is not at risk even in the face of the exposure of its

More information